Mart Arrangement Agreement Completed

RNS Number : 9854T

San Leon Energy PLC

04 April 2016

4 April 2016

San Leon Energy Plc

("San Leon" or "the Company")

Nigerian Onshore Production Deal - Mart Arrangement Agreement Completed

San Leon Energy Plc (the "Company"), the AIM listed company focused on oil and gas exploration and production in Europe and Africa, announces that, further to its press release of 22 March 2016, the Mart Arrangement Agreement has now completed, effective 24 March 2016.

San Leon requires shareholder approval and other regulatory approvals to benefit from San Leon's shares in BidCo, which are pledged to the debt investor. Completion of this part of the transaction is not expected per se to constitute a reverse takeover under the AIM Rules but the Company will make a further announcement in due course to confirm this.

Enquiries:

San Leon Energy plc Oisin Fanning, Executive Chairman	+353 1291 6292
Brandon Hill Capital Oliver Stansfield Jonathan Evans	+44 (0) 20 3463 5000
finnCap Ltd Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	+44 (0) 20 7220 0500
Macquarie Capital (Europe) Limited Jon Fitzpatrick	+44 (0) 20 3037 2000
Stockdale Securities Ltd Nominated Adviser Robert Finlay Antonio Bossi	+44 (0) 20 7601 6100
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	+44 (0) 20 7830 9700
Plunkett Public Relations Sharon Plunkett	+353 (0) 1 280 7873